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Consolidated Statements of Net Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Apr. 01, 2017
Apr. 02, 2016
Net sales $ 285,441 $ 219,398
Cost of sales 171,791 132,243
Gross profit 113,650 87,155
Selling, general, and administrative expenses 46,703 42,366
Research and development expenses 12,151 8,565
Amortization of intangibles 5,944 3,796
Total operating expenses 64,798 54,727
Operating income 48,852 32,428
Interest expense 3,120 2,045
Foreign exchange (gain) loss (1,557) 3,823
Other expense (income), net (139) (517)
Income before income taxes 47,428 27,077
Income taxes 8,537 7,788
Net income $ 38,891 $ 19,289
Income per share:    
Basic (in dollars per share) $ 1.71 $ 0.86
Diluted (in dollars per share) $ 1.69 $ 0.85
Weighted-average shares and equivalent shares outstanding:    
Basic (in shares) 22,748 22,438
Diluted (in shares) 22,989 22,621